Hotspot targets Europe and Asia with London FX matching engine

Trading on the new venue is free until the year end

Chris Concannon, Bats

Institutional foreign exchange platform Hotspot has launched a London matching engine to target Europe, Asia and the specific currency pairs dominating trading hours there.

Trading for all transactions occurring on the London matching engine will be free until the end of the year in an effort to incentivise customers. Single-count trading volumes totalled $1.2 billion in the first full week of the engine's operation since its launch on September 14.

The move comes four months after the Bats

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